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The difference between the price paid to acquire another company and the fair market value of that company's net assets can be referred to as...(a)A master valuation account.(b)Goodwill.(c)A gap filler.(d)All of these answer choices are correct.

Respuesta :

Answer: Option (b) is correct.

Explanation:

Goodwill is the correct answer.

Goodwill referred as the difference between the price paid by any individual for acquiring a company and book value of the company that includes the fair value of a company's tangible assets, intangible assets and liabilities.

Basically, it is a payment for the reputation of the acquired company in the market.